Book Image

Data Science Using Python and R

By : Chantal D. Larose, Daniel T. Larose
Book Image

Data Science Using Python and R

By: Chantal D. Larose, Daniel T. Larose

Overview of this book

Data science is hot. Bloomberg named a data scientist as the ‘hottest job in America’. Python and R are the top two open-source data science tools using which you can produce hands-on solutions to real-world business problems, using state-of-the-art techniques. Each chapter in the book presents step-by-step instructions and walkthroughs for solving data science problems using Python and R. You’ll learn how to prepare data, perform exploratory data analysis, and prepare to model the data. As you progress, you’ll explore what are decision trees and how to use them. You’ll also learn about model evaluation, misclassification costs, naïve Bayes classification, and neural networks. The later chapters provide comprehensive information about clustering, regression modeling, dimension reduction, and association rules mining. The book also throws light on exciting new topics, such as random forests and general linear models. The book emphasizes data-driven error costs to enhance profitability, which avoids the common pitfalls that may cost a company millions of dollars. By the end of this book, you’ll have enough knowledge and confidence to start providing solutions to data science problems using R and Python.
Table of Contents (20 chapters)
Free Chapter
1
ABOUT THE AUTHORS
17
INDEX
18
END USER LICENSE AGREEMENT

7.4 PRECISION, RECALL, AND Fβ SCORES

Of the records classified by our model as positive, what proportion are true positives? The metric addressing this question is called precision, and is defined as follows:

equationPrecision=TPTPP--

In the field of information retrieval (e.g. search engines) the precision metric answers the question, “What proportion of the selected items is relevant?” This metric is often paired with recall, which is just another name for sensitivity.

equationRecall=Specificity=TNTAN--

It would be useful to combine precision and recall into a single measure. To do so, we may use Fβ scores, defined as follows:

equationFβ=(1+β2)precisionrecall(β2precision)+recall--

for β > 0.

  • When β = 1, this is called the harmonic mean of precision and recall, which are thus equally weighted in the metric F1.
  • When β > 1, Fβ weights recall higher than precision.
  • When β <&...